Chip Lupo, Credit Card Writer
No, you cannot do a balance transfer with your Apple Card. The issuer does not allow balances from other issuers’ accounts to be transferred to the Apple Card. In general, balance transfers let you to shift high-interest debt from your current account to another issuer’s credit card and pay off the balance, presumably at a reduced interest rate.
Although the issuer does not allow balance transfers with the Apple Card, there are plenty of options from other issuers to choose from.
Notable Balance Transfer Credit Cards
How to Choose a Balance Transfer Card
The objective of a balance transfer is to save money on interest. So, you will want a card with a low introductory APR on balance transfers. Just be sure to pay off the transferred balance in full before the introductory rate expires. Otherwise, the remaining balance will accumulate interest daily at the card’s regular APR.
You can find out how much a balance transfer card with a low intro APR will save you in interest charges by using WalletHub’s balance transfer calculator. This tool will also recommend credit cards that may help you save money and get out of debt faster.
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